Which of the following statements is true about the changes that occur after the supermarkets merge?Check all that apply.

1. Producer surplus falls.

2. Consumer surplus falls.

3. The market price decreases.

4. The market quantity decreases.

5. Total surplus remains unchanged.

Competitive Market Demand Competitive Outcome A 4 Consumer Surplus Marginal Cost Price, Cost, Revenue Producer Surplus Quantity of GroceriesMonopoly Demand Monopoly Outcome Consumer Surplus + Marginal Cost Price, Cost, Revenue Producer Surplus Deadweight Loss Marginal Revenue Quantity of Groceries